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A bunch of ape NFTs just sold for $24.4 million

If you thought NFT mania was about to die off, think again: a bundle of 101 NFTs from Bored Ape Yacht Club just sold at Sotheby’s for $24.4 million. A second bundle of 101 Bored Ape Kennel Club NFTs sold for $1.8 million. That puts the ape sale among the biggest in the NFT space. […]

Crypto is helping faster-growing economies build financial rails

Developing economies are once again leapfrogging prior waves of technological innovation with the help of cryptocurrency. Much like the way consumers in India and Indonesia a decade ago skipped landlines for cellphones, institutions in Africa are embracing the advancements in crypto over alternatives offered by the traditional plumbing of the global financial system. FIND OUT […]

China’s cryptocurrency ban: What it means for Bitcoin, Coinbase and the US

The epicenter of Bitcoin mining has called it quits. On Sept. 24, China’s Central Bank declared all crypto-related transitions illegal, citing concerns about gambling fraud and money laundering. The move sparked a sharp drop in markets; some investors raced to dump their holdings, and the price of Bitcoin fell nearly 10% after the announcement, before […]

Twitter Adds Bitcoin Tipping, Pushes Further Into NFTs

Twitter Inc. will let users send and receive tips using Bitcoin as part of a broader push to help users make money from the service. Twitter also said Thursday that it’s looking into authenticating users’ nonfungible tokens — digital goods ranging from high art to pictures of digital apes. Some users already showcase NFTs on […]

Crypto Veteran Says Non-Fungible Tokens Will Drive The Future

William Quigley, a co-founder of stablecoin “Tether” and a pioneer in the cryptocurrency space, sees the metaverse as a huge economic force that’s going to change people’s lives significantly in coming years. Mr Quigley is a co-founder of the Worldwide Asset eXchange or WAX, a carbon-neutral proof-of-stake blockchain that specialises in areas like non-fungible tokens […]

Goldman Crypto Report Shows Exchange Tokens, Proof-of-Stake Assets Outperforming

Exchange tokens and digital assets associated with proof-of-stake blockchain networks have outperformed the broader cryptocurrency market since the end of 2019, while privacy-focused digital tokens have underperformed, Goldman Sachs wrote in a new report. “As the market matures, monitoring crypto’s market segments may help determine which network features investors are rewarding, as well as the […]

Uniswap has now generated more than $1B in fees for liquidity providers

Leading decentralized exchange, Uniswap, has become the first DeFi protocol to generate more than $1 billion worth of platform fees for liquidity providers. On August 10, Lucas Outumuro, head of research at crypto data aggregator IntoTheBlock, shared a chart to Twitter showing that the combined fee revenues of Uniswap’s v2 and v3 Ethereum mainnet deployments […]

India Considering Phased Roll Out of Central Bank Digital Currency

India’s central bank is considering launching a digital currency, according to a top executive, giving a clear indication of its intentions for the first time after previously stating that it was studying the idea. T Rabi Sankar, the deputy governor of Reserve Bank of India, said at a conference today that the central bank is […]